October 2023 Quarterly Dairy Legal Update - Risk Management/Income & Revenue Protection

On Tuesday, October 17, 2023, from 12 noon-1pm (ET), Penn State Law’s Center for Agricultural and Shale Law conducted the latest installment in its Quarterly Dairy Legal Webinar series. Each quarter’s free one-hour webinar covers the legal and regulatory developments in the U.S. dairy industry from the preceding quarter, as well as including an in-depth look at a single focus topic of law, regulation, or government policy of interest to dairy professionals of all kinds. The focus topic this quarter will be Risk Management/Income & Revenue Protection.
This webinar reviews and explains the operation and administration of USDA’s risk management and income protection programs for dairy producers. These programs include USDA’s highly successful Dairy Margin Coverage (DMC) program, which guarantees a desired margin between an established all-milk price and a calculated average feed cost; Dairy Revenue Protection; Livestock Gross Margin-Dairy; the Dairy Indemnity Payment Program; the pandemic-related Dairy Donation and Market Volatility Assistance Programs; 2022’s Organic Dairy Marketing Assistance Program (ODMAP); and 2023’s Milk Loss Program (MLP) for 2020-2022 disaster event losses.
00:01 - Risk Management/Income & Revenue Protection with Brook Duer
05:22 - Dairy Margin Coverage program
21:03 - Dairy Revenue Protection
24:26 - Livestock Gross Margin - Dairy
27:00 - Dairy Indemnity Payment Program
30:32 - Dairy Donation Program
32:22 - 2021 - Market Volatility Assistance Program
35:18 - 2022 - Organic Dairy Marketing Assistance Program (ODMAP)
36:31 - 2023 - Milk Loss Program (MLP)